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Governor Approves $500,000,000 Bond Deal

The state of Kansas will be selling half a billion
dollars' worth of bonds for the state's biggest private employer;
and Boeing will pay the interest from monies it's not going to be
paying into the state's income tax withholding bucket, as a measure
signed Wednesday by Governor Kathleen Sebelius spells out.

The Kansas Development Finance Authority will sell the bonds,
which are earmarked to finance some of the work on the
not-yet-officially-defined 7E7. As part of the deal, Boeing must
hire 4000 new workers, in Kansas. That, given the number of
laid-off Boeing workers already there, shouldn't pose major
problems, once the airliner's design goes to production.